Stock Rating Upgrade
Of late the Value Trend Rating for Bloomin' Brands Inc (NASDAQ: BLMN) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Bloomin' Brands Inc (NASDAQ: BLMN) stock closed at $28.48 on 3/18/24 after a modest gain of 0.6%. However, this advance was accompanied by below average trading volume at 81% of normal. The stock has performed in line with the market over the last nine months and has declined -4.2% during the last week.
Current PriceTarget Research Rating
BLMN's future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Bloomin' Brands has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR's two proprietary measures of a stock's current attractiveness are providing inconsistent signals. Bloomin' Brands has a neutral Power Rating of 55 but a good Appreciation Score of 75, producing the Positive Value Trend Rating.